1. 11224 Richland Ave, Los Angeles CA 90064
Investment Characteristics
Subject Photo Unit Mix & Rent Schedule
# of Monthly Market Monthly
Units Type Income Avg. Rents Rent Income
Current Rent
1 2+2 Twnhs $ - 2,395 $ 2,395 $ 2,395 $2,400 $ 2,400
4 2+2 $ 1025 - 1,750 $ 5,889 $ 1,472 $1,750 $ 7,000
1 3+2 $ - 2,250 $ 2,250 $ 2,250 $2,250 $ 2,250
6 $ 10,534 $ 1,756 $1,942 $ 11,650
Pricing Summary Income & Expenses
$ 1,525,000
Price: Current Proforma
$ 477,251
Down: Annualized Annualized
$ 1,047,749 $ 126,408 $ 139,800
Loan Amount: Scheduled Gross Income
Laundry Income $ 1,200 $ 1,200
$ 254,167
Price / Unit:
$ 215.24 $ 127,608 $ 141,000
Price/ Sq Foot Total Scheduled Gross Income
Vacancy Rate 3% $ 3,792 $ 4,194
11.95
GRM:
5.65% $ 123,816 $ 136,806
Cap Rate: Effective Operating Income
6.50%
Cap Rate(Proforma):
10.82
GRM(Proforma):
% SGI
Property Profile Expenses
Property Taxes
6 $ 18,300 14.3% $ 18,300
No. of Units:
New Insurance Quote
1963 $ 3,600 2.8% $ 3,600
Year Built:
Utilities
7,085 $ 2,700 2.1% $ 2,700
Square Footage:
Rubbish
9,626 $ 1,440 1.1% $ 1,440
Lot Size:
Off Site Management Fees
Wood frame/stucco $ 6,191 5.0% $ 6,191
Construction Type:
On Site Management $ - 0.0% $ -
Repairs & Maintenance
Pitched comp $ 3,000 2.4% $ 3,000
Roof Type:
Landscaping
7 spaces $ 960 0.8% $ 960
Parking:
Reserves for Replacement
Apartment Complex $ 1,500 1.2% $ 1,500
Type:
4256-013-039
Parcel No.:
Total Expenses $ 37,691 29.7% $ 37,691
Per Unit $ 6,282 $ 6,282
Per Foot $ 5.32 $ 5.32
Broker Contact
Scott Rosenberg $ 86,125 $ 99,115
Net Operating Income
310-802-2550
Direct Line: Less: Debt Service $ 71,771 $ 71,771
310-802-2560
Direct Fax:
srosenberg@remaxcir.com
email: Pre-Tax Cash Flow $ 14,354 $ 27,344
*ALL ELECTRIC - INDIVIDUAL WATER HEATERS - SUPER LOW OPERATING COSTS!
* TURN KEY CONDITION - UPSIDE POTENTIAL - EXCELLENT WEST LOCATION!
NOTES: Figures are estimates only and based on industry standards. These numbers should be adequate considering the recent renovations and upgrades to the property. Property
taxes are based on a reassessment at the current tax rate.
23740 Hawthorne Boulevard, Torrance, CA 90505 tel. (310) 802-2550 fax (310) 802-2560
ReMax Commercial Realty and Agent makes no warranty or representation about the content of this brochure. It is your responsibility to indendependtly confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for